Veto right in case of ICO

The NVCA (National Venture Capital Ass) has recently incorporated specific covenants regarding veto rights for ICOs in their standard contract model as follows: "Crypto-Currency/Blockchain Protective Provision: A new protective blocking right has been added to the model Certificate of Incorporation document to provide investors a veto over token, crypto-currency and block chain related offerings given that the pre-existing veto rights did not clearly apply to or cover these new types of offerings"

 

 Article on Coindesk

 

 NVCA Unveils Updated Model Legal Documents